DARDEN RESTAURANTS, INC. FY 2026 10-K, explained in plain English
Key financials — as reported
| Total revenue | $13.2B |
| Gross margin | 20.3% |
| Operating income | $1.6B |
| Net income | $1.2B |
| Diluted EPS | $10.38 |
| Cash & equivalents | $219.5M |
| Total assets | $12.9B |
| Long-term debt | $1.6B |
Key takeaway
Darden reported $13.21 billion in revenue and $1.21 billion in net income for fiscal 2026, supported by an effective tax rate of just 12.6%, well below the 21% statutory federal rate.
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Beneath the surface
The effective tax rate of 12.6% is notably below the 21% federal statutory rate, driven partly by a valuation allowance change (-0.3%) and other adjustments (+0.4%), which flatters net income relative to a normalized tax rate.
🔒 4 more insights a headline reader would miss
This is the free preview. The full analysis explains every line item above and includes 8 more findings — plus insider trades, activist stakes, and 8-K events for DRI.
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